Nitte Meenakshi Institute of Technology
(AN AUTONOMOUS INSTITUTION AFFILIATED TO VISVESVARAYA TECHNOLOGICAL UNIVERSITY, BELGAUM)
PB No. 6429, Yelahanka, Bangalore 560-064, Karnataka
Telephone: 080- 22167800, 22167860, Fax: 080 - 22167805
Department of Computer Science and Engineering
Project Abstracts 2022-23
[Link]:CSE
[Link] [Link] : 4
4. Student Name Nelvita Lorraine Fernandes;
5. USN 1NT21SCS01;
6. Name of the Project Mrs. Jagadevi N Kalshetty
Guide
7. Domain Machine Learning
8. Title/Topic of the Project
Real Estate and House Price Prediction Usiong Machine
Learning
9. Abstract(Not more than 100-150words)
Real estate cost prediction plays a crucial role in various aspects of the real estate industry,
including property valuation, investment analysis, and market forecasting. Traditional methods
for predicting real estate prices often rely on historical sales data and expert opinions, which
may be limited in accuracy and scalability. In recent years, machine learning techniques have
emerged as powerful tools for real estate cost prediction, leveraging the abundance of available
data and the ability to capture complex relationships. This abstract presents an overview of
real estate cost prediction using machine learning. The study begins by discussing the key
challenges and opportunities in this field, including data availability, feature selection, model
selection, and interpretability. Various machine learning algorithms commonly used in real
estate cost prediction, such as linear regression, decision trees, random forests, support vector
machines, and neural networks, are explored. Furthermore, the abstract delves into feature
engineering techniques that can enhance the predictive performance of machine learning
models. These techniques involve extracting meaningful features from raw data, including
property characteristics, location-based attributes, economic indicators, and demographic
information. Additionally, the use of advanced techniques like dimensionality reduction and
Nitte Meenakshi Institute of Technology
(AN AUTONOMOUS INSTITUTION AFFILIATED TO VISVESVARAYA TECHNOLOGICAL UNIVERSITY, BELGAUM)
PB No. 6429, Yelahanka, Bangalore 560-064, Karnataka
Telephone: 080- 22167800, 22167860, Fax: 080 - 22167805
Department of Computer Science and Engineering
ensemble learning is discussed to further improve prediction accuracy. Moreover, the abstract
highlights the evaluation metrics commonly used to assess the performance of real estate cost
prediction models, such as mean squared error, mean absolute error, and R-squared.
10. Objectives 1. To understand and analyse the market price of land and house.
2. To predict the rental price of house .
3. To improve the accuracy of traditional methods of real estate price
estimation.
4. To provide accurate and reliable house price estimates to buyers, sellers,
and real estate agents.
5. To provide personalized recommendations for home and land buyers
based on their budget, location, and preferences.
6. To explore the relationship between various features of a house and its
market value, providing insights into the factors that drive house prices.
11. Deliverables Real Estate and House Price Prediction.
12. Status of the Project (Kindly provide correct status of the project)
a. Publication Status b. Productized c. Patent Filed
d. Plagiarism Check e. Best project status Describe
Signature of the Student
Signature of the Guide
Signature of the Head